And a sensible piece of advice from the Califia Breach Pundit:A suggestion for Boehner and Reid:

So why not just concede that you have reached an impasse, and that the only sensible thing to do is to increase the debt limit by enough to buy us time for more discussion. In fact, the issues you need to resolve are exactly the issues we should all be discussing next year as a national election approaches. Let’s extend and continue these discussions, but let’s remove the threat of default that is just making things worse.